While unsecured debt might sound less risky than a mortgage or car loan, the consequences of not paying can be just as serious. In Canada, if a creditor obtains a judgment against you for unpaid unsecured debt, they can register
If you own your home outright with no mortgage, you have options. That equity you’ve built isn’t just sitting there—it can be used to your advantage. Whether you need funds for renovations, debt consolidation, or unexpected expenses, lenders see a
Buying a Home in Ontario? Here’s What You Need to Know Buying a home is one of the most significant financial decisions you’ll make, especially in Ontario’s competitive housing market. Whether you’re a first-time buyer or upgrading, getting your mortgage
Understanding the Basics When it comes to mortgage payments in Canada, one factor many borrowers overlook is how often their interest is compounded. Most Canadian fixed-rate mortgages are compounded semi-annually, meaning interest is added to the loan twice per year.
Buying a home on leased land can offer affordability and location benefits, but it also comes with unique mortgage challenges. In Ontario, finding financing for leased land properties isn’t as straightforward as purchasing freehold real estate. Whether you’re buying your
What Is Hard Money Mortgage Lending? Hard money mortgage lending in Canada refers to short-term, equity-based loans used when traditional financing isn’t available. These loans are secured by real estate and rely on the value of the property rather than
Home equity is the difference between your home’s market value and the amount you owe on your mortgage. It increases as you pay down your mortgage or as your home appreciates. Canadian homeowners can tap into this equity to access
A Power of Attorney (POA) is a critical legal instrument in Canadian estate and financial planning. It grants authority to a trusted individual to act on another’s behalf in managing financial, legal, or personal affairs. When used in mortgage financing,
Make the Most of Your Home Equity This Spring Using home equity in Spring 2025 may be one of the smartest financial moves you make this year. Whether you’re planning home renovations, consolidating high-interest debt, or preparing for unexpected repairs,
Falling Behind on Property Taxes? Here’s What You Need to Know Property tax arrears in Whitby and Oshawa are more common than you think, especially for homeowners facing financial challenges. If you’ve received a legal notice or fear a tax
Qualifying for self employed home loans in Ontario doesn’t follow the same rules as salaried employees. Whether you’re buying a home, refinancing your current mortgage, or consolidating debt, self-employed applicants are evaluated differently. This guide will help you understand the
If you’re a homeowner in Whitby and your credit score isn’t where it needs to be, getting approved for traditional bank secondary financing can be a frustrating experience. But there’s good news: qualifying for a second mortgage in Whitby doesn’t